A number of firms have modified their ratings and price targets on shares of JD.com (NASDAQ: JD) recently:
- 8/19/2024 – JD.com had its “neutral” rating reaffirmed by analysts at Susquehanna. They now have a $28.00 price target on the stock.
- 8/17/2024 – JD.com was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
- 8/16/2024 – JD.com was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $36.00 price target on the stock, up previously from $33.00.
- 8/16/2024 – JD.com had its price target lowered by analysts at Sanford C. Bernstein from $35.00 to $32.00. They now have a “market perform” rating on the stock.
- 8/16/2024 – JD.com had its price target lowered by analysts at Benchmark Co. from $55.00 to $47.00. They now have a “buy” rating on the stock.
- 8/9/2024 – JD.com was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
- 7/16/2024 – JD.com had its price target lowered by analysts at Barclays PLC from $41.00 to $40.00. They now have an “overweight” rating on the stock.
- 6/29/2024 – JD.com was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
JD.com Stock Performance
JD.com stock opened at $26.83 on Monday. The firm’s 50 day simple moving average is $26.88 and its 200-day simple moving average is $27.41. The company has a market cap of $42.31 billion, a P/E ratio of 12.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. JD.com, Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $35.69.
JD.com (NASDAQ:JD – Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that JD.com, Inc. will post 3.15 EPS for the current year.
Institutional Trading of JD.com
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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